Foreclosure sales drop to lowest level since 2007

Foreclosure auction sales (trustee’s sales or sheriff’s sales) selling to third party investors (not including those going back to the foreclosing lender) accounted for 2.8 percent of all home sales in 2016, down from 2.9 percent in 2015 to the lowest level since 2007 – a nine-year low.

How to Score a Bargain at a Foreclosure Auction U.S. new home sales hit one-and-a-half-year high on lower mortgages, prices – The median new house price dropped 9.7 percent to $302,700 in March from a year ago, the lowest. drop since 2010. In March, new home sales in the South, which accounts for the bulk of transactions,

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But prices began a steady slide in the last half of 2007, and in 2008 a record 2,800 county homes were lost to foreclosure. The properties that were repossessed by banks, known as real estate owned or REO, flooded the market, and the median price fell in February 2009 to its lowest level of the crash of $305,000.

Fannie Mae: There are more potential homebuyers out there Analysts with Fannie Mae reviewed years worth of data and determined that there are many potential borrowers with debt-to-income ratios in the 45% to 50% range who are otherwise well qualified for a home loan. They are introducing this mortgage rule change to better serve that audience – and to boost their earnings, of course.

Average time to foreclose drops to two-year low. Properties foreclosed in Q3 2018 had been in the foreclosure process an average of 713 days, down from 720 days in the previous quarter and down from 899 days in Q3 2017 to the lowest level since Q2 2016 – a two-year low.

The Borrower Bailout Fallacy: Why PIMCO’s Bill Gross is Flat-Out Wrong The U.S. financial crisis should be on everyone’s mind. It’s a serious situation. A private investor simply can’t hold money market paper right now. So added to the mortgage mess is a liquidity crisis that’s never happened since the run on banks in the Depression. So you can’t do nothing. The liquidity situation has to.

Figure 2 shows that the level of properties exiting the foreclosure process. vacant properties, dramatic loss of value on single family homes, and low. Recent price gains and a decline in the number of properties coming. Regionally, lending levels dramatically declined, particularly after 2007, and there.

Homeland Security joins forces with bank tech to boost cybersecurity Written by Shaun Waterman Jul 12, 2016 | FEDSCOOP. On the front lines of the Obama administration’s campaign to protect the country’s vital industries from foreign hackers, cyber criminals and online espionage is a tiny band of cybersecurity advisers housed within the Department of Homeland Security.Agencies team up to aid thousands of homeless vets Read the full release below: HUD AND VA TEAM UP TO find permanent homes FOR HOMELESS VETERANS IN VIRGINIA PHILADELPHIA- To help end veteran. and supportive services that are essential for ending.

If Adam Gase is to be believed, then Jets have put him in bad spot to ‘take all the bullets’

Today the feds announced their new affordable housing strategy which bundles together previous announcements to build another 100,000 affordable housing units, repair 300,000 existing ones, and try to reduce housing need amongst other promises. It also commits $4 billion to rent subsidies to support some 300,000 low income earners starting in 2020 (so I guess those low income earners first.

Sales of newly built homes unexpectedly plummeted in January to their lowest level in nearly five decades. and down 5.6 percent from December. The plunge in new-home sales was led by a 35 percent.

Multifamily development picks up despite falling demand MGIC writes $2.1B in new primary mortgage insurance The market share of primary mortgage insurance written by government programs continued to exceed that written by PMI in 2018, however PMI recaptured share from those programs due in part to a. · While multifamily construction activity is ramping up, a demand-supply imbalance exists. Furthermore, multifamily costs are climbing while the real median renter income is falling. “Last year, we built over 400,000 new multifamily units, most of them rental,” said harvard jchs director chris hebert during a related webcast.